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American Water Works（AWK）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
American Water Works的季度营收约是越洋钻探的1.2倍（$1.3B vs $1.0B），American Water Works净利率更高（18.7% vs 2.4%，领先16.3%），越洋钻探同比增速更快（9.6% vs 5.8%），越洋钻探自由现金流更多（$321.0M vs $-385.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 12.6%）
American Water Works通过旗下子公司在美国境内提供专业供水与污水处理服务，业务覆盖14个州的约1700个社区，服务约340万活跃用户，客户群体涵盖住宅用户、食品饮料供应商、商业地产开发商与运营商、能源供应商等商业客户、消防服务及工业类客户等。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
AWK vs RIG — 直观对比
营收规模更大
AWK
是对方的1.2倍
$1.0B
营收增速更快
RIG
高出3.7%
5.8%
净利率更高
AWK
高出16.3%
2.4%
自由现金流更多
RIG
多$706.0M
$-385.0M
两年增速更快
RIG
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $238.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 31.9% | 23.0% |
| 净利率 | 18.7% | 2.4% |
| 营收同比 | 5.8% | 9.6% |
| 净利润同比 | -0.4% | 257.1% |
| 每股收益（稀释后） | $1.22 | $0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AWKRIG
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.3B | $988.0M | ||
| Q1 25 | $1.1B | $906.0M | ||
| Q4 24 | $1.2B | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $1.1B | $861.0M | ||
| Q1 24 | $1.0B | $763.0M |
净利润AWKRIG
| Q4 25 | $238.0M | $25.0M | ||
| Q3 25 | $379.0M | $-1.9B | ||
| Q2 25 | $289.0M | $-938.0M | ||
| Q1 25 | $205.0M | $-79.0M | ||
| Q4 24 | $239.0M | $7.0M | ||
| Q3 24 | $350.0M | $-494.0M | ||
| Q2 24 | $277.0M | $-123.0M | ||
| Q1 24 | $185.0M | $98.0M |
毛利率AWKRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率AWKRIG
| Q4 25 | 31.9% | 23.0% | ||
| Q3 25 | 42.2% | -163.1% | ||
| Q2 25 | 38.4% | -97.6% | ||
| Q1 25 | 32.7% | 7.1% | ||
| Q4 24 | 33.3% | 13.7% | ||
| Q3 24 | 40.9% | -51.2% | ||
| Q2 24 | 39.4% | -6.9% | ||
| Q1 24 | 32.5% | -0.4% |
净利率AWKRIG
| Q4 25 | 18.7% | 2.4% | ||
| Q3 25 | 26.1% | -187.1% | ||
| Q2 25 | 22.7% | -94.9% | ||
| Q1 25 | 18.1% | -8.7% | ||
| Q4 24 | 19.9% | 0.7% | ||
| Q3 24 | 26.4% | -52.1% | ||
| Q2 24 | 24.3% | -14.3% | ||
| Q1 24 | 18.4% | 12.8% |
每股收益（稀释后）AWKRIG
| Q4 25 | $1.22 | $0.13 | ||
| Q3 25 | $1.94 | $-2.00 | ||
| Q2 25 | $1.48 | $-1.06 | ||
| Q1 25 | $1.05 | $-0.11 | ||
| Q4 24 | $1.22 | $-0.14 | ||
| Q3 24 | $1.80 | $-0.58 | ||
| Q2 24 | $1.42 | $-0.15 | ||
| Q1 24 | $0.95 | $0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $98.0M | $620.0M |
| 总债务越低越好 | $12.8B | $5.2B |
| 股东权益账面价值 | $10.8B | $8.1B |
| 总资产 | $35.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资AWKRIG
| Q4 25 | $98.0M | $620.0M | ||
| Q3 25 | $166.0M | $833.0M | ||
| Q2 25 | $94.0M | $377.0M | ||
| Q1 25 | $114.0M | $263.0M | ||
| Q4 24 | $96.0M | $560.0M | ||
| Q3 24 | $127.0M | $435.0M | ||
| Q2 24 | $48.0M | $475.0M | ||
| Q1 24 | $584.0M | $446.0M |
总债务AWKRIG
| Q4 25 | $12.8B | $5.2B | ||
| Q3 25 | $13.0B | $4.8B | ||
| Q2 25 | $12.3B | $5.9B | ||
| Q1 25 | $13.3B | $5.9B | ||
| Q4 24 | $12.5B | $6.2B | ||
| Q3 24 | $12.6B | $6.5B | ||
| Q2 24 | $12.6B | $6.8B | ||
| Q1 24 | $12.6B | $6.8B |
股东权益AWKRIG
| Q4 25 | $10.8B | $8.1B | ||
| Q3 25 | $10.9B | $8.1B | ||
| Q2 25 | $10.7B | $9.4B | ||
| Q1 25 | $10.5B | $10.2B | ||
| Q4 24 | $10.3B | $10.3B | ||
| Q3 24 | $10.4B | $10.2B | ||
| Q2 24 | $10.2B | $10.7B | ||
| Q1 24 | $10.0B | $10.5B |
总资产AWKRIG
| Q4 25 | $35.4B | $15.6B | ||
| Q3 25 | $34.7B | $16.2B | ||
| Q2 25 | $33.9B | $17.8B | ||
| Q1 25 | $33.2B | $19.0B | ||
| Q4 24 | $32.8B | $19.4B | ||
| Q3 24 | $31.8B | $19.5B | ||
| Q2 24 | $31.2B | $20.3B | ||
| Q1 24 | $31.1B | $19.9B |
负债/权益比AWKRIG
| Q4 25 | 1.18× | 0.64× | ||
| Q3 25 | 1.19× | 0.60× | ||
| Q2 25 | 1.15× | 0.63× | ||
| Q1 25 | 1.26× | 0.58× | ||
| Q4 24 | 1.21× | 0.60× | ||
| Q3 24 | 1.21× | 0.64× | ||
| Q2 24 | 1.24× | 0.63× | ||
| Q1 24 | 1.26× | 0.65× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $663.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $321.0M |
| 自由现金流率自由现金流/营收 | -30.3% | 30.8% |
| 资本支出强度资本支出/营收 | 82.5% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.79× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $626.0M |
8季度趋势，按日历期对齐
经营现金流AWKRIG
| Q4 25 | $663.0M | $349.0M | ||
| Q3 25 | $764.0M | $246.0M | ||
| Q2 25 | $301.0M | $128.0M | ||
| Q1 25 | $331.0M | $26.0M | ||
| Q4 24 | $639.0M | $206.0M | ||
| Q3 24 | $679.0M | $194.0M | ||
| Q2 24 | $345.0M | $133.0M | ||
| Q1 24 | $382.0M | $-86.0M |
自由现金流AWKRIG
| Q4 25 | $-385.0M | $321.0M | ||
| Q3 25 | $-33.0M | $235.0M | ||
| Q2 25 | $-432.0M | $104.0M | ||
| Q1 25 | $-217.0M | $-34.0M | ||
| Q4 24 | $-255.0M | $177.0M | ||
| Q3 24 | $-4.0M | $136.0M | ||
| Q2 24 | $-325.0M | $49.0M | ||
| Q1 24 | $-227.0M | $-169.0M |
自由现金流率AWKRIG
| Q4 25 | -30.3% | 30.8% | ||
| Q3 25 | -2.3% | 22.9% | ||
| Q2 25 | -34.0% | 10.5% | ||
| Q1 25 | -19.1% | -3.8% | ||
| Q4 24 | -21.2% | 18.6% | ||
| Q3 24 | -0.3% | 14.3% | ||
| Q2 24 | -28.5% | 5.7% | ||
| Q1 24 | -22.6% | -22.1% |
资本支出强度AWKRIG
| Q4 25 | 82.5% | 2.7% | ||
| Q3 25 | 54.8% | 1.1% | ||
| Q2 25 | 57.6% | 2.4% | ||
| Q1 25 | 48.3% | 6.6% | ||
| Q4 24 | 74.4% | 3.0% | ||
| Q3 24 | 51.4% | 6.1% | ||
| Q2 24 | 58.8% | 9.8% | ||
| Q1 24 | 60.7% | 10.9% |
现金转化率AWKRIG
| Q4 25 | 2.79× | 13.96× | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 2.67× | 29.43× | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 2.06× | -0.88× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AWK
| Water Services | $1.0B | 81% |
| Other | $127.0M | 10% |
| Wastewater Services | $101.0M | 8% |
| Miscellaneous Utility Charge | $11.0M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
